GRZZX vs. RYCZX
GRZZX (Grizzly Short Fund) and RYCZX (Rydex Inverse Dow 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.76%/yr vs -25.60%/yr for RYCZX. Their correlation of 0.83 means they have usually moved in the same direction. GRZZX charges 1.61%/yr vs 2.70%/yr for RYCZX.
Performance
GRZZX vs. RYCZX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -7.60% return, which is significantly higher than RYCZX's -15.64% return. Over the past 10 years, GRZZX has outperformed RYCZX with an annualized return of -0.76%, while RYCZX has yielded a comparatively lower -25.60% annualized return.
GRZZX
- 1D
- -0.49%
- 1M
- 1.10%
- 6M
- -6.54%
- YTD
- -7.60%
- 1Y
- -8.55%
- 3Y*
- -5.42%
- 5Y*
- -3.45%
- 10Y*
- -0.76%
- ALL TIME*
- -7.01%
RYCZX
- 1D
- -2.34%
- 1M
- 2.78%
- 6M
- -12.90%
- YTD
- -15.64%
- 1Y
- -29.67%
- 3Y*
- -20.73%
- 5Y*
- -16.29%
- 10Y*
- -25.60%
- ALL TIME*
- -23.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRZZX Grizzly Short Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
GRZZX vs. RYCZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -7.60% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
RYCZX Rydex Inverse Dow 2x Strategy Fund | -15.64% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
Correlation
The correlation between GRZZX and RYCZX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.83 |
The correlation between GRZZX and RYCZX has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
GRZZX vs. RYCZX — Risk / Return Rank
GRZZX
RYCZX
GRZZX vs. RYCZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and Rydex Inverse Dow 2x Strategy Fund (RYCZX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GRZZX | RYCZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.83 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.84 | +0.47 |
| Martin ratioReturn relative to average drawdown | -0.77 | -1.42 | +0.65 |
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Drawdowns
GRZZX vs. RYCZX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum RYCZX drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for GRZZX and RYCZX.
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Drawdown Indicators
| GRZZX | RYCZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -99.80% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -32.00% | +15.97% |
Max Drawdown (3Y)Largest decline over 3 years | -31.23% | -60.61% | +29.38% |
Max Drawdown (5Y)Largest decline over 5 years | -39.19% | -68.62% | +29.43% |
Max Drawdown (10Y)Largest decline over 10 years | -73.13% | -95.14% | +22.01% |
Current DrawdownCurrent decline from peak | -89.70% | -99.79% | +10.09% |
Average DrawdownAverage peak-to-trough decline | -69.47% | -78.99% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 18.84% | -11.21% |
Volatility
GRZZX vs. RYCZX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 3.84%, while Rydex Inverse Dow 2x Strategy Fund (RYCZX) has a volatility of 7.38%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than RYCZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | RYCZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 7.38% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 19.78% | -9.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 25.10% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 29.66% | -10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.61% | 35.21% | +61.40% |
GRZZX vs. RYCZX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than RYCZX's 2.70% expense ratio.
Dividends
GRZZX vs. RYCZX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.95%, less than RYCZX's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.95% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
RYCZX Rydex Inverse Dow 2x Strategy Fund | 6.97% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
Frequently Asked Questions
GRZZX and RYCZX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCZX has higher volatility (7.38%) compared to GRZZX (3.84%). In terms of maximum drawdown, GRZZX dropped -91.80% vs RYCZX's -99.80%.
GRZZX currently has the higher Sharpe Ratio (-0.42 vs -1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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